Business analytics 1st edition evans test bank

AACSB: Analytic Skills Topic: Basic Excel Skills LO1: Copy formulas from one cell to another or to a range of cells.. A B4-B5*A8 AACSB: Analytic Skills Topic: Basic Excel Skills LO1: Cop

Trang 1

Business Analytics (Evans)

Chapter 2 Analytics on Spreadsheets

1) Which of the following symbols is used to represent exponents in Excel?

Topic: Basic Excel Skills

LO1: Find buttons and menus in the Excel 2010 ribbon

LO2: Use a modern software tool to perform statistical calculations

2) Which of the following ways would × /100 - 73 be represented in an Excel spreadsheet? A) 10(2) * 5(3) / 100 ^ 73

LO1: Write correct formulas in an Excel worksheet

3) Which of the following is a difference between relative addressing and absolute addressing when using cell formulas in Excel?

A) A relative address uses a dollar sign before either the row or column label; an absolute

address uses the ampersand symbol before either the row or column label

B) A relative address uses a dollar sign before either the row or column label; an absolute

address uses just the row and column label in the cell reference

C) A relative address uses just the row and column label in the cell reference; an absolute

address uses a dollar sign before either the row or column label

D) A relative address uses only the column label in the cell reference; an absolute address uses the row

Answer: C

Diff: 2

Blooms: Remember

LO1: Apply relative and absolute addressing in Excel formulas

Trang 2

Use the data given below to answer the following question(s)

Below is the spreadsheet for demand prediction of a company that sells chocolates

AACSB: Analytic Skills

LO1: Copy formulas from one cell to another or to a range of cells

5) If a dollar sign is used after the column in B5 (B$5), how will the formula at B8 be

represented in C9 using absolute addressing?

Trang 3

6) If a dollar sign is used before the column label B4 ($B4), how will the formula at B10 be represented in C11 using absolute addressing?

LO1: Apply relative and absolute addressing in Excel formulas

7) If, in the spreadsheet, cells B9 and B10 were empty, which of the following formulas should

be entered in B8 so that the formula can be dragged to B9 and B10 to obtain their correct values? A) B4-B5*A8

8) Using a $ sign before a column label

A) keeps the reference to both the row and column fixed

B) keeps the reference to the row fixed, but allows the column reference to change

C) keeps the reference to column fixed, but allows the row reference to change

D) allows both the row and column references to change

Answer: C

Diff: 1

Blooms: Remember

Trang 4

9) To copy a formula from a single cell or range of cells down a column or across a row, first , click and hold the mouse on the small square in the lower right-hand corner of the cell, and drag the formula to the "target" cells which you wish to copy

10) Trace the process of copying and pasting a cell, which has a formula in it, such that the formula is not retained in the pasted cell

A) Home - Paste - Paste Special - Paste Values

B) Home - Paste - Paste Special - Paste Validation

C) Home - Paste - Paste Special - Paste Formats

D) Home - Paste - Paste Special - Paste Formulas

Answer: A

Diff: 1

Blooms: Remember

11) Which of the following is a differentiation between calculating using the functions COUNT and COUNTIF?

A) COUNT does not require a range of cells; COUNTIF requires a range of cells

B) COUNT can be obtained without a special criteria, COUNTIF requires range and special criteria to be calculated

C) COUNT requires a range of cells; COUNTIF does not require a range of cells, only special criteria

D) COUNT calculates the sum of values for a range of cells; COUNTIF finds the largest value in

a range of cells

Answer: B

Diff: 2

Blooms: Remember

Topic: Excel Functions

LO1: Use basic and advanced Excel functions

Trang 5

12) The Excel function of is used to find the largest value in a range of cells A) SUM(range)

Trang 6

Use the data given below to answer the following question(s)

Below is a spreadsheet of purchase orders for a computer hardware retailer

Item Cost Quantity

Cost per Order

A/P Terms (Months)

Order

No

Order Size

Trang 7

14) To find the total order cost, what Excel formula should be used in A12?

15) For which of the following columns can the COUNT function be performed?

16) To find the average of the total cost of orders from Rex Technologies, what Excel formula should be used in A12?

Trang 8

17) To find the number of orders with A/P terms less than 25 months, what Excel formula should

18) If purchase quantities of 25 units or higher are found to be large orders, and orders less than

25 are considered to be small, what IF function should be entered in H4 to be copied to H5:H10

to calculate each order's size?

19) measures the worth of a stream of cash flows, taking into account the time value

of money

A) Accounting rate of return

B) Net present value

C) Internal rate of return

D) Adjusted present value

Answer: B

Diff: 1

Blooms: Remember

Trang 9

20) The reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well as the risks associated with not receiving returns until a later time

A) modified internal rate of return

21) Identify the equation for calculating the net present value for a stated period of time, where

= cash flow in period t, and i is the discount rate

22) A positive NPV means that the investment will provide added value because the projected return exceeds the

A) modified internal rate of return

B) discount rate

C) accounting rate of return

D) adjusted present value

Answer: B

Diff: 1

Blooms: Remember

Trang 10

23) The easiest way to locate a particular function is to select a cell and click on the Insert

function button represented by on the Excel ribbon

LO1: Find buttons and menus in the Excel 2010 ribbon

24) is a logical function that returns one value if the condition is true and another if the condition is false

A) OR(condition 1, condition 2…)

B) AND(condition 1, condition 2…)

C) TO(value if true, value if false)

D) IF(condition, value if true, value if false)

Answer: D

Diff: 1

Blooms: Remember

25) Which of the following functions is a logical function that returns TRUE if any condition is true and FALSE if not?

A) TO(value if true, value if false)

Trang 11

26) Give the logical function for the following: If cell B7 equals 12, check contents of cell B10

If cell B10 is 10, then the value of the function in the string is YES; if not, it is a blank space If cell B7 does not equal 12, then the value of the function is 7 no matter what cell H45 is

27) If cell G7 contains the function , it states that if the value in cell C3 is 9, the number 7 will be assigned to cell G7; if the value in cell C3 is not 9, the number 4 will be assigned to cell G7

28) The function returns a value or reference of the cell at the intersection of a particular row and column in a given range

A) VLOOKUP(lookup_value, table_array, col_index_num)

B) INDEX(array, row_num, col_num)

C) MATCH(lookup_value, lookup_array, match_type)

D) HLOOKUP(lookup_value, table_array, row_index_num)

Answer: B

Diff: 1

Blooms: Remember

Trang 12

29) Which of the following Lookup functions returns the relative position of an item in an array that equals a specified value in a specified order?

A) HLOOKUP(lookup_value, table_array, row_index_num)

B) MATCH(lookup_value, lookup_array, match_type)

C) INDEX(array, row_num, col_num)

D) VLOOKUP(lookup_value, table_array, col_index_num)

Answer: B

Diff: 1

Blooms: Remember

30) In a MATCH function, if the match_type = 0, then

A) the function finds the largest value that is less than or equal to lookup_value

B) the function finds the smallest value that is greater than or equal to lookup_value

C) MATCH finds the first value that is exactly equal to lookup_value

D) the values in the lookup_array must be in a particular order

Answer: C

Diff: 1

Blooms: Remember

31) For which of the following MATCH functions must the values in the lookup_array be

ordered in a descending order?

Trang 13

Use the following scenario to answer the following question(s)

The Blue Sunset Band is planning to record a new album A major decision to be made is if the band can record the album on their own, or if they should hire a studio to record it with The fixed cost for recording at the studio is $100,000 plus the manufacturing cost per CD, which is at

$250 If they record the album in-house, the cost per CD is $350 They plan to produce 3000 copies of the album regardless of the place of recording The band plans to record with the cheaper option Below is the spreadsheet of the Recording Decision

Trang 14

32) Which of the following formulas is used to calculate the total studio recording cost? A) =SUM(B6:B12)-B10

Topic: Spreadsheet Modeling and Spreadsheet Engineering

LO1: Apply principles of spreadsheet engineering to designing and implementing spreadsheet models

33) Which of the following formulas are used to calculate the In-house recording cost?

34) Which of the following formula is used to make the recording decision in B20?

Trang 15

Using the spreadsheet below to answer the following question(s)

The spreadsheet below shows the net income model for a company that sells shoes

17 Net Operating Income $ 1,450,000

18 Earnings Before Taxes $ 1,380,000

Trang 16

36) Which of the following would be used to calculate the gross profit?

37) Which of the following formulas would be used to calculate the operating expenses? A) =SUM(B7:B10)

38) Which of the following formulas would be used to calculate the net operating income? A) =B15-B5

Định dạng
Số trang	22
Dung lượng	289,81 KB